Business

A person stands next to the logo of the 2026 IMF-World Bank Annual Meetings, ahead of the meeting at Queen Sirikit National Convention Center in Bangkok, Thailand, on October 9.
October 16, 2026

IMF trims Jamaica’s 2027 outlook

The International Monetary Fund (IMF) has lowered its forecast for Jamaica’s economic growth in 2027, signalling a slower rebound than it expected six months ago, even as it upgraded its outlook for 2026. In its October World Economic Outlook (WEO) released this week, the IMF cut its 2027 forecast for Jamaica to 2.4 per cent from the 3.1 per cent forecast in April. At the same time, it raised its projection for 2026 to zero growth from a previously forecast 1.2 per cent contraction.

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Business
16 Oct, 2026 0

Mayberry bets that stock rebound will erase losses; takes aim at asset tax

Mayberry Group Ltd expects the recovery in the local stock market to continue wiping out earlier losses during the year. The Jamaica Stock Exchange (JSE) gained over 20 per cent this year so far, its…
Business
16 Oct, 2026 0

Wigton Energy slashes over $800 million in debt ahead of solar push

Wigton Energy Ltd has cut over $800 million worth of debt in the year, clearing the way for the wind-power producer to chase solar projects even as half-year profit slipped. Its borrowing now equates…
16 Oct, 2026 0

Jamaica regulator requests plan to relocate coral for Fiesta’s overwater suites

Jamaica’s environmental regulator has deferred beach licences that Spanish hotel group Fiesta needs to build overwater suites at its Grand Palladium resort in Point, Hanover. At its 15 September…
Business
16 Oct, 2026 0

Former stock exchange chief launches consultancy and stock market game for kids

Marlene Street Forrest, who retired as managing director of the Jamaica Stock Exchange (JSE), launched a business consultancy whose first public project involves a stock market game for…
Business
16 Oct, 2026 0

Indies Pharma adds $1-billion loan from NCB at higher cost, but profit rises

Indies Pharma Jamaica Ltd earned higher profit for its latest quarter but replaced an earlier bond with a $1-billion issue at a higher interest rate. It comes as the drug distributor rebounds from the…
Business
16 Oct, 2026 0

IMF raises its forecast for world growth this year, but warns of risks from AI boom and debt

The International Monetary Fund (IMF) on Tuesday slightly upgraded its outlook for the world economy for this year while warning of growing risks from rising debt, including the financial frenzy…
Guinea Finance Minister Mariama Sylla speaks at the African Finance Ministers’ news conference during the annual meetings of the International Monetary Fund and the World Bank Group in Bangkok, Thailand, on Thursday, October 15. AP
16 Oct, 2026 0

IMF says African economies performing well despite shocks from the Iran war

African economies have managed to weather fairly well the energy crisis brought on by the Iran war, but a decline in aid has left the continent vulnerable to future shocks, the head of the…
FILE - An entrance to the New York Stock Exchange is shown on June 26, 2024, in New York. (AP Photo/Peter Morgan, File)
15 Oct, 2026 0

US stocks sink as inflation gets worse

Worries about worsening inflation are weighing on Wall Street Wednesday and pulling the US stock market further from its record. The S&P 500 dropped 1.1 per cent and was on track for a fifth loss…
15 Oct, 2026 0

Inflation hits 8.6 per cent in September, highest since December 2022

Jamaica's annual inflation rate climbed to 8.6 per cent in September, the highest since December 2022 and above the Bank of Jamaica's (BOJ) four-to-six per cent target range, according to…